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- RE: Cash Flow Rich Remodeling Contractor
- Contact: Karin Neumann
Quick Facts
Asking Price: | $2,090,000 | |
Annual Revenue: | $5,500,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $665,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $250,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1984 | |
Employees: | 15 | |
BBN Listing #: | 981455 | |
Broker Reference #: | 1492-2126 |
Business Overview:
This well-known High End Contracting Company has provided reliable and high-quality remodeling services and support (primarily kitchens and bathrooms) to an impressive roster of regional general contractors, home builders and homeowners for over 40 years. The Company has experienced stable revenues and enjoys high operating margins with documented profitability.
The Company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 4.0 x EBITDA (ttm). A full valuation report is included and there is $200,000 in Net Working Capital plus another $250,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $275,000 benefit in after-acquisition-debt cash flow in Year #1 – over 65% return on equity investment.
A comfortable transition period will be provided by an owner who truly wants to continue to see the business flourish. The seller will consider a mid-term consulting agreement thereafter.A very well-trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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Property Features and Assets:
The seller’s 12,000 Square Feet owned facility is in a prime location with very attractive lease terms. This income producing property with long-term tenants is available for purchase with the business.
Market Competition and Expansion:
The Company enjoys a distinct competitive advantage by leveraging its impeccable reputation, ideal location, impressive showroom and a “customized solution” to provide its diverse client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management and dedicated personnel in place.
It is projected that a new owner will obtain compelling additional growth by expanding the direct sales and marketing efforts with an investment of $100,000 to $200,000 per year - an accelerated revenue growth rate under such premise is projected to be 10% to 20% per year.
Reason for Selling:
Retirement (consulting available)Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Jersey businesses for sale
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